Intel Circling the drian... When Monopolies end
Do people really talk like this? Snowballing Smooze...
"We remain committed to optimizing our value creation efforts through portfolio honing; reallocation of resources to higher returns, higher-growth businesses; M&A; and, where applicable, divestitures,"
Instead of honing, and reallocation etc, Intel should make better products and stop being the darling of US SANCTIONS which are destroying INTEL.
I think it is safe to say that Intel has missed every major trend in the last 20 years. They missed the handheld revolution. They blew it on fab at 10nm, blew it on 5G. AMD is bashing Intel's brains out. The 84 billion in stock buybacks. And now chasing the pipe dream of turning Columbus Ohio into the Meca of FAB... a low margin, manpower-intensive business, not suitable in any way to the Murican workforce. It is a cascade of rubbish, a dying business. This new born again CEO has no feel for the business units at all. Every business unit is playing catchup and EARNINGS ARE THE BIG SURPRISE that every one unit is underperforming. Soon Qualcomm is going to be beating Intel's brains out in CPUs. And Qualcomm is quite efficient.
Does anyone at INTEL have any clue about where markets are going? How could they miss the handheld market? How is that possible? All they do now is look at other companies and say, we should do that. So they chase NVIDIA in GPUs trying to play catchup but never getting there. Then they look at TSMC and say... "hey we should go into FAB AFTER THEY HAVE FAILED AT IT!" So they go back into playing catchup but they will never get to the TSMC level just as they never got to the NVIDIA level.
Intel should look at Walmart and Amazon. Both have thriving grocery businesses.... Intel should go into the grocery business. Then they can "HONE" the portfolio of fresh vegetables and reallocate higher returns for baked goods.
Do people really talk like that?
I see one poster says... "Don't fire the engineers... they may go work someplace else." Like where? When your engineers miss the handheld revolution, they should all be fired as utterly worthless.